Malmö, 10 February 2017
PRESS RELEASE
Wihlborgs even stronger
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Rental income rose 6 percent to SEK 2,030 million (1,910).
Operating surplus improved 8 percent to SEK 1,513 million (1,402).
Income from property management increased 11 percent to SEK 1,030 million (932)
Profit for the year totalled SEK 2,976 million (2,278), corresponding to earnings per
share of SEK 38.72 (29.64).
The Board of Directors proposes a dividend of SEK 5.75 (5.25)
“Following a strong final quarter, we delivered extremely positive results for the full-year
2016 and, once again, we noted a record year in terms of both rental income and
earnings. The value of our properties increased SEK 2,504 million over the year. The
majority of this increase, SEK 1,975 million, stemmed from higher rents and lower yield
requirements on our investment properties. However, SEK 529 million of the increase
was the result of our project activities,” says Anders Jarl, CEO of Wihlborgs
Fastigheter.
“Our strong financial position provides us with a stable platform to continue growing.
We will continue to maintain a high level of investment in 2017 and we have identified
further growth opportunities in areas including Copenhagen, where we acquired more
than 100,000 m2 in 2016.”
Wihlborgs Fastigheter AB (publ)
For further information, please contact:
Anders Jarl, CEO, Tel: +46 (0)40 690 57 10
Arvid Liepe, CFO, Tel: +46 (0)40 690 57 31
Presentation of the report
At 12:00 noon today, CEO Anders Jarl and CFO Arvid Liepe will present the year-end report
at Operaterrassen in Stockholm. The presentation can be followed by webcast or telephone
+46 8 5664 2690 or +44 20 3008 9807.
Link to webcast
This information is of such a kind that Wihlborgs Fastigheter AB (publ) is legally
required to disclose pursuant to the EU’s Market Abuse Regulation and the Swedish
Securities Market Act. The information was submitted for publication through the
agency of the above contact people on 10 February 2017, at 7:30 a.m. CET.
Wihlborgs Fastigheter AB (publ) is a property company that focuses on commercial properties in the
Öresund region. Its property portfolio is located in Malmö, Helsingborg, Lund and Copenhagen.
In Malmö, Lund and Helsingborg, Wihlborgs is the leading property company.
The book value for the Company’s properties totals SEK 33 billion. The annual rental value of the
properties is SEK 2.3 billion.
Wihlborgs’ shares are listed on the Large Cap List of Nasdaq Stockholm.